SHANGHAI, January 29, 2022 /PRNewswire/ — Boqii Holding Limited (“Boqii” or the “Company”) (NYSE: BQ), a leading pet-focused platform in Chinatoday announced that it has received a letter from the New York Stock Exchange (the “NYSE”) dated January 26, 2022notifying the Company that it is below the compliance criteria due to the trading price of the Company’s depositary’s US shares (the “ADS”).
In accordance with NYSE Rule 802.01C, a company is considered to be below compliance criteria if the average closing price of a security as shown on the consolidated tape is less than $1.00 over a period of 30 consecutive trading days. Once notified, the company must bring its share price and its average price above $1.00 within six months of receipt of the notification. The company may revert to compliance at any time during the six-month recovery period if, on the last trading day of any calendar month during the recovery period, the company has a closing price of at least $1.00 and an average closing price of at least $1.00 over the 30 trading day period ending on the last trading day of that month. In the event that upon expiry of the six-month cure period, both a $1.00 closing price of the share on the last trading day of the cure period and a $1.00 the average closing price of the stock over the 30 trading days ending on the last trading day of the correction period is not reached, the NYSE will initiate suspension and delisting proceedings.
To address this issue, the Company intends to continuously monitor the market conditions of its ADSs and is considering its options to regain compliance.
About Boqii Holding Limited
Boqii Holding Limited (NYSE: BQ) is a leading pet-focused platform in China. We are the leading online destination for pet products and supplies in China with our wide selection of high quality products, including world leading brands, local emerging brands and our own house brand, Yoken and Mocare, offered at competitive prices. Our online shopping platforms, including Boqii Mall and our flagship stores on third-party e-commerce platforms, provide customers with convenient access to a wide selection of high-quality pet products and an engaging shopping experience. personalized. Our Boqii community provides an informative and interactive content platform for users to share their knowledge and love for pets.
For more information, please visit: http://ir.boqii.com/.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations , are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some instances, forward-looking statements may be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, ” intends”, “plans”, “believes”, “potential”, “continues”, “is/are likely to” or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed with or provided to the United States Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these ri Risks, uncertainties or factors are included in the Company’s filings with the SEC. All information provided in this press release speaks as of the date of this press release, and the Company undertakes no obligation to update such information except as required by applicable law.
For investor and media inquiries, please contact:
Boqii Holding Limited
E-mail: [email protected]
DLK Advisory Limited
E-mail: [email protected]
SOURCEBoqii Holding Limited